Congressional leadership and the Trump Administration stand accused of " abandoning middle-class taxpayers in favor of high-income Americans and wealthy corporations' by the National Association of Home Builders (NAHB). The remark came in a statement from NAHB Chairman Granger MacDonald regarding Thursday's release of the framework for the long anticipated Republican tax reform proposal. The National Association of Realtors (NAR) also released a statement critical of the plan, but withheld talking about specifics pending further review. MacDonald had no such reservations. In the statement, which carried the headline "Republican Tax Reform Plan Slams Middle Class," he said, "The bill eviscerates existing housing tax benefits by drastically reducing the number of home owners who can take advantage

November 2, 2017 Download our Mobile App: Download our Mobile App: Housing News Builders Blast Tax Proposal; Realtors not Smiling Either Congressional leadership and the Trump Administration stand accused of " abandoning middle-class taxpayers in favor of high-income Americans and wealthy corporations' by the National Association of Home Builders (NAHB). The remark came in a statement... (read more) Housing News Realtors Say Ultra-Tight Inventories Made Q3 Housing "Underwhelming" The rate of appreciation slowed a bit, but home prices both nationally and in most major metropolitan areas grew substantially in the third quarter of 2017. The National Association of Realtors® (NAR), which released the price data on Thursday, s... (read more) Rob Chrisman Impac Leadership Change; 17-35 Year-Olds Moving Housing Today the House Financial Services subcommittee is holding another hearing on GSE reform. Nothing is simple, but with Congress we really have an uphill battle. It would be good if more folks joined the Mortgage Action Alliance . It's free. Critics as... (read more) Housing News Residential Spending Scores Significant Annual Gains There was a slight increase in total spending on construction in September. The U.S. Census Bureau says that all construction put in place during the month came to a seasonally adjusted annual rate of $1.220 trillion, 0.3 percent more than spending i... (read more) MBS Commentary MBS Live Day Ahead: More Fed Musical Chairs; Tax Plans; NFP Tomorrow There are only so many ways to say the same thing, but I'll at least update the chart to show that bonds remain inside the same boundaries we've been watching.  2.36% (or 2.35%, depending on which way you want to round) has been the lower bounda... (read more) Mortgage Rate Watch Mortgage Rates Unchanged to Slightly Higher Mortgage rates were slightly higher today, on average, as bond markets backed away from their stronger levels seen during the last 2 days of October. "Strength" in bond markets connotes higher prices for bonds and lower interest rates. In actuality, ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/5 3:50AM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/5 3:50AM EST Latest Video Homebuilder stocks hit on mortgage deduction proposal NAHB CEO: Tax plan on the verge of starting a housing recession Fed faces big changes in coming months. Here's what to expect Around the Web CNBC How to know if you'll be affected by the proposed repeal of the estate tax Reuters Republicans unveil tax cut bill, but the hard work awaits CNBC Trump picks Jerome Powell to succeed Yellen as Fed chair Calculated Risk Blog Goldman: October Payrolls Preview Freddie Mac Mortgage Rates Hold Calculated Risk Blog Is a Recession Imminent? CNN Homebuilder stocks rocked by tax reform plan Brookings Institution Hutchins Roundup: Market concentration, youth-targeted tax cuts, and more CNBC Bond yields lower, dollar slips as markets treat tax package with skepticism CNBC Why Powell is not as safe a choice for Fed Chair as the markets think Washington Post Republican tax plan to lower cap on mortgage interest deduction to $500,000 loans Calculated Risk Blog October Employment Preview NAHB Eye on Housing 55+ Builders and Developers Stay Confident in Third Quarter

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